Fixed Price IPO | ₹36 Cr | Listed at BSE SME | Thu, Jun 13, 2024 - Wed, Jun 19, 2024
United Cotfab IPO is a fixed price issue of ₹36.29 crores. The issue is entirely a fresh issue of 0.52 crore shares of ₹36.29 crore.
United Cotfab IPO bidding started from Jun 13, 2024 and ended on Jun 19, 2024. The allotment for United Cotfab IPO was finalized on Jun 20, 2024. The shares got listed on BSE SME on Jun 24, 2024.
United Cotfab IPO price is ₹70 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,40,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,80,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Spread X Securities Pvt.Ltd..
Refer to United Cotfab IPO RHP for detailed Information.
IPO Open
Thu, Jun 13, 2024
IPO Close
Wed, Jun 19, 2024
Issue Price
₹70 per share
Market Cap (Pre-IPO)
₹120.33 Cr
| IPO Date | 13 to 19 Jun, 2024 |
| Listed on | Mon, Jun 24, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 51,84,000 shares (agg. up to ₹36 Cr) |
| Reserved for Market Maker | 2,60,000 shares Spread X Securities Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 49,24,000 shares (agg. up to ₹34 Cr) |
| Net Offered to Public | 49,24,000 shares (agg. up to ₹34 Cr) |
| Share Holding Pre Issue | 1,20,06,000 shares |
| Share Holding Post Issue | 1,71,90,000 shares |
| BSE Script Code | 544195 |
| ISIN | INE0S0I01011 |
United Cotfab IPO comprises a total issue size of 51,84,000 shares. The net offer to the public is 49,24,000 shares, after excluding 2,60,000 shares allotted on a firm basis. Of the Net offer 24,62,000 (50.00%) allocated to NII 24,62,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 24,62,000 | 50.00% | 47.49% |
| Retail Shares Offered | 24,62,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,60,000 | 5.02% | |
| Total Shares Offered | 51,84,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,40,000 |
| Retail (Max) | 1 | 2,000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
Incorporated in 2015, United Cotfab Limited manufactures high-quality open-end yarn for the textile industry. The company's clients include textile manufacturers, garment exporters and distributors.
The company's product portfolio includes Open End Cotton Yarn and Cotton Yarn
The company's manufacturing process adheres to stringent quality standards and is backed by advanced technology and machinery.
The manufacturing facility of the Company is situated in Taluka, Ahmedabad. The Manufacturing facility of the company has an installed capacity of approx 9125 (MT) per annum
As of March 31, 2024, the company has 118 Employees.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 81.68 | 53.68 | 15.60 | 1.07 |
| Total Income | 115.53 | 0.64 | 0.02 | |
| Profit After Tax | 8.67 | 0.14 | 0.02 | -0.00 |
| NET Worth | 13.56 | 9.94 | 6.82 | 0.00 |
| Reserves and Surplus | 1.88 | |||
| Total Borrowing | 47.51 | 38.21 | 7.73 | 1.07 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirements | 24.70 |
| 2 | General Corporate Purposes | 8.86 |
| 3 | Public Issue Expenses | 2.73 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 72.76% |
| ROCE | 26.95% |
| Debt/Equity | 3.42 |
| RoNW | 63.89% |
| PAT Margin | 7.52% |
| Price to Book Value | 6.19 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.22 | 5.04 |
| P/E (x) | 9.7 | 13.88 |
| Promoter Holding | 100.00% | 69.84% |
| Market Cap | ₹120.33 Cr. |
The United Cotfab IPO is subscribed 107.16 times on June 19, 2024 6:19:05 PM (Day 4). The public issue subscribed 77.22 times in the retail category, [.] times in the QIB category, and 137.11 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 137.11 | 24,62,000 | 33,75,56,000 |
| Retail | 77.22 | 24,62,000 | 19,01,14,000 |
| Total | 107.16 | 49,24,000 | 52,76,70,000 |
Total Applications: 1,14,473
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.25 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable to Legal Advisors | 0.03 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expense | 0.05 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.05 |
| 6 | Fees payable to Peer Review Auditor | 0.03 |
| 7 | Fees Payable to Market Maker (for Three Years) | 0.09 |
| 8 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees, underwriting fees and miscellaneous expenses.) | 2.18 |
| 9 | Escrow Bank Fees | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹75.00 |
| Low | ₹75.00 |
| High | ₹78.75 |
| Last Trade | ₹78.75 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
United Cotfab IPO is a SME IPO of 51,84,000 equity shares of the face value of ₹10 aggregating up to ₹36 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Jun 13, 2024, and closes on Wed, Jun 19, 2024.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in United Cotfab IPO using UPI as a payment gateway. Zerodha customers can apply in United Cotfab IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in United Cotfab IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The United Cotfab IPO opens on Thu, Jun 13, 2024 and closes on Wed, Jun 19, 2024.
United Cotfab IPO lot size is 2000, and the minimum amount required for application is ₹1,40,000.
You can apply in United Cotfab IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for United Cotfab IPO will be done on Thursday, June 20, 2024, and the allotted shares will be credited to your demat account by Fri, Jun 21, 2024. Check the United Cotfab IPO allotment status.
The United Cotfab IPO listing date is on Mon, Jun 24, 2024.
